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To: BiglyCommentary
Price has fallen the last 6 months by 50% and so has volume. Volume should have gone up as the price fell. It didnt.

Daily volume has followed an almost identical weekly pattern for the last 6 months, and transaction value is steady over the same 6 month period.

I thought you said “a few of years ago” was the peak. Now you’re measuring from the historical high 6 months ago? Did bitcoin lose its value as a speculative asset “a few years ago” or 6 months ago; it’s not a trivial difference.

67 posted on 05/09/2022 4:15:47 PM PDT by GunRunner
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To: GunRunner

I used the 6 month timeframe simply to rule out lower volume due to higher price (coins worth more, less coins trade), since to price went down during that period.


69 posted on 05/09/2022 4:27:18 PM PDT by BiglyCommentary
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To: GunRunner

All the exchanges. Volume is trending lower.

https://data.bitcoinity.org/markets/volume/2y?c=e&r=month&t=a


71 posted on 05/09/2022 4:34:04 PM PDT by BiglyCommentary
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